Jump to content

Income tax: Difference between revisions

From The Austrian Economics Wiki, the global repository of classical-liberal thought
No edit summary
No edit summary
 
Line 1: Line 1:
The United States Federal Income Tax is a tax levied on an activity or event.
The United States Federal Income Tax is a tax levied on an activity or event.  There are three possible subjects which the Federal Government could tax:  1)Property 2)Capitation and 3) an activity or event. The first two are considered direct taxes.  The third is an Indirect tax.  There are specific rules for each of these classes of taxes in the U.S. Federal Constitution.


[[Category:Income taxes| ]]
[[Category:Income taxes| ]]
[[Category:Personal taxes]]
[[Category:Personal taxes]]
[[Category:Taxation]]
[[Category:Taxation]]

Latest revision as of 01:37, 15 November 2013

The United States Federal Income Tax is a tax levied on an activity or event. There are three possible subjects which the Federal Government could tax: 1)Property 2)Capitation and 3) an activity or event. The first two are considered direct taxes. The third is an Indirect tax. There are specific rules for each of these classes of taxes in the U.S. Federal Constitution.